Fidelity Investment Consultant Salary | What’s the Average Salary at Fidelity Investment in 2022?

fidelity-investment consultant-salary

Ever wondered what a fidelity investment consultant salary would look like? Well, let’s discuss it, but you should know there are a lot of factors that affect the range of salary you earn in a company as an investment consultant.

For you to successfully enroll in this career line, you would need a certain form of degrees and skills that would aid you in gaining experience.

An employer would ordinarily pick up the best candidate who has shown to be more experienced in their job description.

This article aims to give you accurate information on all that the fidelity investment consultant salary entails, its educational requirements/experience, and factors that play a huge role in salary earnings.

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What is an Investment Consultant?

An investment consultant is a financial expert who offers investment products, counsel, and/or strategy to clients.

To assist their customers in meeting their needs and achieving their financial objectives, investment consultants work diligently to develop investment strategies for their clients.

However, many financial advisors and financial planners would be considered investment consultants.

Understanding Investment Consultant

An investment consultant develops an investing plan for clients. Clients range from small enterprise owners to major organizations as well as private people.

The customer’s financial condition must be examined by the investment adviser, who must then create a strategy to help the client achieve their objectives.

They are responsible for keeping a close eye on the client’s investments and collaborating with them as their financial goals evolve.

However, many investment consultants establish lasting professional ties with their customers because of the nature of their business.

These financial professionals work in various settings, such as banks, asset management organizations, and private investment firms. By assisting their clients in improving their financial status and organizing their finances, they offer a crucial service.

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Experience and Pay for Investment Consultants

A college degree and job experience are necessary to become an investment consultant.

Problem-solving, quantitative aptitude, and clear and efficient communication are all essential talents for an investment adviser.

Investment consultants are compensated by fees and/or incentives, as well as a predetermined salary.

According to PayScale, the average annual base compensation for an investment consultant is $73,057.2.

According to the U.S. Bureau of Labor Statistics (BLS), the closest occupation to an investment consultant is a personal financial counselor.

A personal financial advisor’s hourly wage in 2020 is $42.95 per hour or $89,330 per year. From 2020 to 2030, the job market for personal financial advisers is predicted to rise by 5%.

Types of Investment Consultants

Investment consultants may fall into four main categories:

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Registered Representatives

These are investment advisers, such as stockbrokers and banking representatives, who are paid a commission to offer investment and insurance goods.

They work for what are known as sell-side businesses, which are financial entities that originate, market, and sell financial derivatives. Registered representatives often possess a Series 6 or Series 7 license.

Financial Planners

Financial planners are investment experts who handle their customers’ personal money.

They also could create a financial plan to assist a client in paying for college tuition. Certified financial planners (CFPs), certified public accountants (CPAs), and personal financial specialists (PFSs) are examples of qualified financial planners.

Financial Advisors

These financial advisors provide both basic and individualized financial advice. They are paid through collecting fees and often possess a Series 65 or Series 66 license.

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Money Managers

They are investment advisers who choose investments on a client’s behalf. Money managers work for buy-side companies like asset management companies, fund managers, or hedge funds.

Qualifications for Fidelity Investment Consultants

Investment consultants often hold a bachelor’s or master’s degree in a field of study connected to finance, such as economics, business, or accounting.

The completion of training in investments, taxes, risk management, and estate planning is optional but may be done.

However, investment consultants might also obtain chartered financial analyst (CFA) or certified financial planner qualifications.

Choosing an Investment Consultant

Before using an investment consultant’s services, check out their credentials. Examine their compliance records and look for any significant violations.

For instance, discover if they have ever been the subject of an insider trading investigation. Additionally, it is advisable to look into their criminal history and fiduciary status.

Verify an investment consultant’s credentials to be sure they are properly licensed.

To ascertain whether they have the required experience and skills, look at their educational background and association affiliations.

It’s usually a good idea to arrange a face-to-face consultation before choosing an investment adviser to see if they comprehend your financial goals and are approachable.

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How Much Does a Fidelity Investment Consultant Make?

In the US, the average yearly salary for a fidelity investment consultant is $109,300, or $52.55 per hour.

In that range, the least 10% of investment consultants earn around $60,000 a year, while the top 10% make $196,000 annually.

How Do I Become an Investment Consultant?

To work as an investment consultant, most organizations demand a bachelor’s degree. Business and financial specializations are preferred but not always necessary.

The most common master’s degree held by investment consultants is an MBA. Licenses for Series 7 and Series 63, which require passing those tests, are essential for investment consultants.

There isn’t much experience needed for entry-level jobs, but in order to advance professionally, one must have a lot of on-the-job experience.

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Is an Investment Consultant Considered a Good Job?

The notion of a good job varies from person to person, but an investment consultant position offers certain benefits that few other jobs do.

However, one of the job satisfaction of an investment adviser is assisting people in reaching their financial goals.

The pay potential is fairly large and usually without boundaries, depending on how much business one produces.

The hours of an investment consultant may be variable depending on how they wish to plan their day, which may include meeting customers and formulating investment strategies and judgments.

Investment Consultant Average Salary by State

Rank  State  Avg. Salary  Hourly Rate  Job Count  
2New York$141,060$67.821,204
3West Virginia$107,133$51.51266
6District of Columbia$119,528$57.47220
7North Dakota$105,990$50.9695
10New Mexico$100,128$48.14337
15Rhode Island$101,962$49.0271
18New Jersey$102,478$49.27457
fidelity investment consultant salary

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Highest Paying Cities for Investment Consultants

We’ve identified 15 highest paying cities for a Fidelity Financial Consultant job.

1New York, NY$145,576$69.99
2Seattle, WA$138,422$66.55
3Boston, MA$134,265$64.55
4Washington, DC$121,045$58.19
5Arlington, VA$116,543$56.03
6San Francisco, CA$114,910$55.25
7Chicago, IL$109,861$52.82
8Portland, OR$108,900$52.36
9Jersey City, NJ$102,977$49.51
10Detroit, MI$100,522$48.33
11Phoenix, AZ$95,991$46.15
12Austin, TX$95,609$45.97
13Cleveland, OH$95,134$45.74
14Philadelphia, PA$92,254$44.35
15Minneapolis, MN$92,044$44.25
investment consultant fidelity salary
Job Title  Annual Salary  Monthly Salary  Hourly Rate  Job Openings  
Finance Advisor$64,993$5,416$31.25106,311
Finance Planner$71,607$5,967$34.4391,557
Finance Advising Internship$58,376$4,865$28.07117,509
Client Advisor$71,135$5,928$34.2086,363
Finance Professional$55,551$4,629$26.71124,570
Wealth Management Advisor$91,605$7,634$44.04127,946
zippia-fidelity investment consultant salary

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What Companies Pay Investment Consultants the Most?

According to our most current salary projections, the highest paid employers for investment consultants are Bailey & Glasser and Inter-American Development Bank.

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Bailey & Glasser$181,255$87.14
2Inter-American Development Bank$168,213$80.871
3Cambridge Associates$145,978$70.185
5Calamos Investments$138,604$66.643
7Meeder Investment Management$136,184$65.47
8Northern Trust$134,745$64.7864
9The Vanguard Group$132,289$63.6033
zippia-fidelity investment consultant salary

The income of a fidelity investment consultant can range from entry level to senior level, based on years of experience.

The Bureau of Labor Statistics (BLS) provides data on how experience level influences total compensation as part of their National Compensation Survey, which is based on criteria such as knowledge, complexity, contacts, and environment.

zippia-fidelity investment consultant salary


What is an investment consultant at Fidelity?

They assist people in investing and planning for the future.

They help businesses and non-profit organizations provide benefits to their employees. In addition, they offer investing and technology solutions to institutions and independent advisers to enable them to invest their own clients’ money.

Is investment consultant a good job?

Investment consulting offers an excellent professional foundation and a well-structured career path, and experience in the field is constantly in great demand. Investment consultants have moved into a variety of investment-related professions in superannuation and funds management.

Can you make millions as a financial advisor?

There are several tried-and-true ways you may use to continuously generate at least $1 million every year.

While there are other ways to create the necessary revenues to achieve these levels of income, we will focus on some of the most successful and strong ones here.

Do you need a degree to be an investment consultant?

In general, having a college degree is not required to become a financial consultant.

However, many companies, particularly those with prominent training programs, would consider it a requirement for new workers. Licenses and registration with FINRA, the financial services regulatory organization, are necessary.

What is the highest paying investment job?

8 highest paying finance jobs

  • Chief financial officer.
  • Private equity associate. …
  • Hedge fund manager. …
  • Insurance advisor. …
  • Financial advisor. …
  • Compliance analyst. …
  • Information technology auditor. …
  • Investment banker. Investment bankers help businesses and government groups invest their money


With the information above, now you know that, indeed, clients are major contributors to the salary earnings of an investment consultant.

As their services are always required by small business owners and firms who need investment products, advice, and/or planning.

Also, Investment consultants work closely with clients to develop investment plans that meet their needs and help them achieve their financial objectives.

Many financial counselors and financial planners would be classified as investment consultants.
We hope you found this article helpful.



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